Monday, 8 April 2013

Nifty Trend-08/04/2013

Benchmark Indices showed a choppy session in the last session of the week and were unable to test their crucial resistance levels. Nifty future strongly resisted near 5600 for the whole session and tested the major support of 5550. Overall, bears are seen to capture nifty and if it surpasses this crucial level then intraday support is seen in the range of 5530-5480 while any correction may lead it towards 5630-5650.
TREND: SIDEWAYS
SUPPORT :  5530 & 5480
RESISTANCE:   5630 & 5670
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